Streetbeat News

RNSDF

Renault S.A.

https://group.renault.com/

CEO

Luca de Meo

Industry

Automobile Manufacturing

Open

43.00

Mkt cap

12B

Volume

100

High

43.00

P/E Ratio

7.87

52-wk high

58.20

Low

42.10

Div yield

0.05

52-wk low

35.41

Renault SA (OTC:RNSDF) (OTC:RNLSY), Volvo (OTC:VLVLY), and CMA CGM are partnering to produce a new generation of fully electric vans. Renault and Volvo have signed binding agreements to launch a new company with 50-50 equity stakes. The companies plan to invest €300 million each over the next three years. CMA CGM Group will join the new company, investing EUR 120 million through PULSE. The new company is expected to start operations in 2024 and start production in 2026.

Portfolio Pulse from Shivani Kumaresan

October 06, 2023 | 10:42 am

Renault Group and Volvo Group are partnering to create a new company focused on the development of a new generation of electrified vans. The companies anticipate CMA CGM Group joining the new venture. They will continue to seek additional investment and business partners.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 7:24 am

Renault's CEO Luca de Meo has indicated that the company's new electric vehicle division, Ampere, could reach a valuation of up to $10.75 billion in an IPO expected in the first half of 2024. The exact pricing is yet to be confirmed. Nissan, as part of its restructured alliance with Renault, has committed to invest up to €600 million in Ampere. Renault's shares (RNLSY) closed lower by 6.7% to $7.52 on Friday.

Portfolio Pulse from Nabaparna Bhattacharya

September 05, 2023 | 10:54 am

Renault SA is planning to list its electric vehicle business unit, Ampere, on the stock market in spring 2024. The automaker is targeting November 1 of this year for Ampere to be separated from the rest of the company. As part of a restructured alliance with Nissan Motor Co Ltd, Nissan has committed to invest up to Є600 million in Ampere.

Portfolio Pulse from Shivani Kumaresan

August 28, 2023 | 11:57 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.